An efficient business is a business primed for success. But how many businesses are truly accessing all of the possibilities?
Henry Ford was one of the earliest pioneers, showcasing to the world how optimised business practices and the efficiency they bring can drive profitability. The introduction of the assembly line allowed Ford to build cars far more quickly than their rivals, managing to double production without doubling their workforce.
Things have evolved since Henry Ford’s day. We now live in the digital age and harnessing the computers to improve efficiency is standard practice. But it’s not just technology that can drive efficiency.
Consider some of the following five practices in your own business:
- Analyse Business Processes – you may have the best processes in place but are all of your team members adhering to them? Have better methods evolved? It’s easy for individuals to create bad habits. Set up regular reviews with your team.
- Regular Training & Learning – Investing in money-saving or time-saving systems doesn’t guarantee success unless your team knows about it, and more importantly understands it! Regular training sessions ensure your workforce are aware of latest business process changes and work in unison.
- Define Job Roles – “Why are you working on that, that’s my job?” Repetition of work is common without communication and role definition. Effectively structuring staff roles helps to ensure that each member of your team is contributing to their maximum level by focusing on their speciality.
- Work in Small Teams – Too many team members on one project leads to poor communication and reduced levels of productivity. Small teaming results in each member feeling valuable to the project and motivated to contribute positively and proactively.
- Streamline Existing Processes – How efficient are your processes, and the way these processes interact? How much work requires manual manipulation of spreadsheets and data? Investing in systems that reduce administrative burden can reap huge rewards. Wouldn’t you prefer your sales team were working on hot leads rather than inputting data?